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Sunmar LLC Acquires Development Site In East Hollywood For $4.5M

5016 West Sunset Boulevard, 1442 North Mariposa Avenue, 1440 North Mariposa Avenue, 1438 North Mariposa Avenue
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This Development Site property located in CA was sold for $4,487,500 over 4 years ago. The brokers of the deal were Aida Memary Scher, Sam Liberow, Max Gersht, Glen Scher, and Filip (Fil) Niculete

A development site in East Hollywood has been sold in a off-market transaction. The site is located at 5016 W Sunset Boulevard, 1442 N Mariposa Avenue, 1440 N Mariposa Avenue, and 1438 N Mariposa Avenue. This rare 4-lot assemblage spans 0.38 acres with a total of 16,741 square feet of land. The property is eligible for Tier 3 TOC (Transit Oriented Communities) and is located in an Opportunity Zone. The zoning designation for the site is LAC2.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $4,487,500
  • Square Footage: 6,614
  • Price per Square Foot: $678.49
  • Market: East Hollywood

The buyer of the property is Sunmar LLC. The deal was represented by brokers Sam Liberow, Max Gersht, Aida Memary, Filip Niculete, and Glen Scher of The Liberow Group and LA Apartment Advisors.

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Deals
  • Location
    1438 North Mariposa Avenue, Los Angeles, CA, USA1438 North Mariposa Avenue, Los Angeles, CA, USA
  • Sale Price
    $4,487,500$4,487,500
    $678 PPSF$678 PPSF
  • Area
    6,614 SF6,614 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: Filip Niculete @fniculete, Glen Scher @scherglen, Aida Memary @idachiller, Sam Liberow @sam_liberow & Max Gersht @maximillian_realty DATE: 11/25/2019 ADDRESS: 5016 W Sunset Boulevard, 1442 N Mariposa Avenue, 1440 N Mariposa Avenue, 1438 N Mariposa Avenue MARKET: East Hollywood ASSET TYPE: Development Site PRICE: $4,487,500 SF: 6,614 PPSF: $678.49 BUYER: Sunmar LLC BROKERS: Sam Liberow, Max Gersht, Aida Memary, Filip Niculete, Glen Scher @theliberowgroup @laapartmentadvisors NOTES: • East Hollywood Location, • Tier 3 TOC Eligible, • Rare 4-Lot Assemblage, • Property Sold Off Market, • Opportunity Zone, • Lot Acres: 0.38, • Lot SF: 16,741, • Zoning: LAC2, • Price/SF Land: $268.05

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5016 West Sunset Boulevard, 1442 North Mariposa Avenue, 1440 North Mariposa Avenue, 1438 North Mariposa Avenue

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